You should have no problem finding 20+ in your community and that will give you a good idea of what yours is worth.

However, this would increase my costs by about $4,000 a month (about 3K would be spent on skip tracing).I'm also exploring the idea of wholesaling in other states instead of in Northern Virginia and south part of Maryland.

We're funding in excess of $35mm a month in short-term, construction loans, so we're doing something right.As for the idea that some construction manager builds your rehab schedule is false.

Are you planning on holding onto it after the renos or are you considering selling?

Before I answer, can you confirm that your costs include holding costs (all utilities), transfer costs on purchase and sale, as well as the cost of the funding for the deal?

I use a PM because…I don’t want to get sued for a fair housing violationI don’t have time to keep up on law changesI have no real idea of what a property could rent for compared to someone with 1000+ rentals under management.I’m too nice to charge late fees, or increase rent maximum amount each year. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Yes, you will pay for commissions (which are 100% negotiable)- I like the idea of approaching the agent for the new buy (if in the same area), who might give you a discount on the listing if you also buy from him or her.There are programs out there that help you BUY before selling, they will give you a 20% downpayment and money for repairs on your existing house- you'd have to use an Agent and them that is affiliated with them and they act as the straw man lender- check out Knock.com, Ribbon, Orchard, Homelight, etc- and there are others- I'm not sure which are available to you in California.In most states, homes are sold "As-IS" anyway), and all you have to do if you cannot make repairs is to properly DISCLOSE what you know isn't working, so that buyers can take that into consideration in ADVANCE of contract, in both their offer but also to save them surprises later on which could cause them to back out- if they know in advance and all is disclosed, there's less chance of that happening.

Any ideas on where to get a Baltimore City Lease agreement? 

If you are not then you will see a ~$10k foreclosure sale, a resale less than a year later to an unwitting out of state investor for $50k, and the current attempt to sell it for $58k to get the current poor bastard out of the deal and cover the cost of the sale.Be very wary of becoming the next guy holding the hot potato when the economic music stops...I see rent rates have stopped rising and our local MLS shows an increasing number of days on market so I feel the music is slowing.Hope this helps!